Apple Defends Tax Avoidance

Top executives of American technology giant Apple faced intense questioning from U.S. lawmakers about the company’s use of off-shore entities that allow it to shield billions of dollars in global profits from federal taxes. Apple’s chief executive admitted to no wrongdoing, but urged an overhaul of the U.S. tax code.  Apple’s high-tech consumer products are seemingly everywhere, as noted by Democratic Senator Carl Levin at a hearing of the Permanent Subcommittee on Investigations. …

Powered by WPeMatico

This entry was posted in African News. Bookmark the permalink.

Comments are closed.